USDCAD LONG OPPORTUNITY 4HR AND D ...MY OPINION(S)
EMA Crossing on 4hr TF, but even so, I'm awaiting daily candle close confirmation near the 'Spring' area in order to move in and hopefully profit at the .50% fib. mark.
Breakdown:
1. Touching Daily long-term trend Support Area & at Ascending Support;
2. Within Upward Channel
3. EMA crossing (4hr)
4. Appears to be a change in Polarity
PS: If it goes past current Support (1.29615), I think it will try to head near Weekly Support of 1.25235 dated back to May 3rd, 2016
Thanks,
Lakera
Breakdown:
1. Touching Daily long-term trend Support Area & at Ascending Support;
2. Within Upward Channel
3. EMA crossing (4hr)
4. Appears to be a change in Polarity
PS: If it goes past current Support (1.29615), I think it will try to head near Weekly Support of 1.25235 dated back to May 3rd, 2016
Thanks,
Lakera
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